Investors invited to dive into new World Water product
Australian investors are being invited to invest in one of our scarcest resources — water — via a new product launched today by Credit Suisse and Equity Trustees in conjunction with lead managers Macquarie Equities and Ord Minnett.
The new fund, the Credit Suisse PL100 World Water Trust, is comprised of 15 stocks involved in water utilities, transportation, filtration and desalination.
Commenting on the launch of the new fund, the head of equities structured products for Credit Suisse in Australia, Michael Clapham, said investors were showing strong demand for capital-protected products that also provide the potential for income and capital growth.
“Water is a vital commodity,” he said. “We believe investors will embrace this opportunity to invest in the companies that are involved in one of the world’s most vital industries — the provision of fresh water.”
Ord Minnett Asset Management managing director Walter Lewin said he believed the PL100 World Water fund provided a significant opportunity for retail investors to invest in what represented a very topical and attractive global industry.
The minimum investment in the PL World Water fund is $20,000, with investors standing to benefit from potential semi-annual distributions.
The PL100 World Water fund will seek quotation on the Australian Stock exchange.
AUTHOR
Mike Taylor
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